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Liza SURF contractor Saipem posts loss of $2.4M in Q1 2018

OilNOW -
ExxonMobil Guyana Tier 1 contractor Saipem has narrowed its losses to $2.4m for the first quarter of 2018. The Italian oil and gas company's Q1 2018 loss marks an improved financial performance, following the $331m loss reported in Q4 2017. However, the Milan-based firm, operational in Saudi...
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Large oil spill “statistically unlikely” but preparation is key – Exxon Country Manager

OilNOW -
Speaking at the opening of a major capacity building workshop on Oil Spill Response in the South American country of Guyana, Country Manager of ExxonMobil, Rod Henson, stressed the importance of being prepared, even while highlighting that the likelihood...
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Orinduik 3D seismic identifies ‘potentially sizeable structures’ offshore Guyana

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Eco (Atlantic) Oil & Gas Ltd. says it is encouraged to date by the quality of data received and interpretations being made based on the 3D seismic survey conducted on the company’s Orinduik Block, offshore Guyana. Data collected and...
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Reuters: Arrested Chevron workers could face treason charge in Venezuela – sources

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(Reuters) - Two Chevron Corp. employees detained in Venezuela last week could be charged with treason for refusing to sign a parts contract for a joint venture with state-owned oil company PDVSA, according to two sources familiar with draft...
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Saipem secures contracts in Offshore Drilling and Offshore E&C

OilNOW -
ExxonMobil Guyana Tier 1 contractor Saipem has been awarded new contracts in Offshore Drilling involving the sixth-generation semi-submersible rig Scarabeo 8, suitable for harsh environments. Drilling activities will take place offshore Norway, and will last approximately 10 months, excluding...
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45% of data capture complete in hunt for petroleum offshore Jamaica

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The most advanced survey ever to be carried out in search of petroleum in Jamaica is just over 45% complete after which an analysis of the data will be undertaken to determine the findings. According to an April 19 report...
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CNOOC wants China to speed up reform of fuel pricing

OilNOW -
Chinese operator CNOOC Ltd, a joint venture partner together with ExxonMobil and Hess in the Stabroek Block offshore Guyana, is calling on Beijing to speed up the liberalisation of its retail fuel pricing scheme as high diesel and gasoline...
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“It’s not all about oil…it’s about investing in Guyanese” – TOTALTEC

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As the oil age dawns on Guyana in 2020, there is little time to prepare the hundreds of Guyanese that need to be trained in the basics of Oil and Gas and to obtain the necessary certifications that provide...
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Noble drillship equipped with fail-safe mechanism to keep vessel in position during an emergency

OilNOW -
With no physical anchor embedded in the sea floor, the Noble Bob Douglas drillship currently searching for oil off the Guyana coast remains in position through the use of a sophisticated computerized system controlled and monitored around the clock...
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Guyanese among crew poised to embark on historic drill campaign aboard Noble Bob Douglas

OilNOW -
Currently positioned approximately 88 nautical miles off the Guyana coast in the deep blue waters of the Atlantic Ocean, the Noble Bob Douglas hovers above the 13th well being drilled by ExxonMobil in the Stabroek Block. The US oil...
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Dredging in Demerara Channel to continue through 2025

The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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